"There isn't even any coherent theory why austerity 'should' be working. It's just: 1) suffering 2) ?? 3) profit!!!"—Atrios.
I'm no accredited economist like Atrios, but I'm pretty sure there is a coherent theory of why austerity should be working, which goes a little something like this: "Because unicorn farts, no doy."
It's economics. Look it up.
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